MARINE ELECTRICALS (INDIA) LIMITED Financials Marine Electricals (India) Limited
Equities
MARINE
INE01JE01028
Electrical Components & Equipment
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 98.65 INR | +4.72% |
|
+9.73% | -2.90% |
| 05-10 | Marine Electricals Limited Receives an Order from Udupi Cochin Shipyard Limited | CI |
| 04-02 | Marine Electricals Limited Receives Order from Cummins India Limited for Supply of Sandwich Bus Duct | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Capitalization 1 | 2,601 | 2,209 | 8,071 | 3,784 | 4,398 |
| Enterprise Value (EV) 1 | 2,999 | 2,569 | 8,518 | 4,060 | 5,021 |
| P/E ratio | 24.3 x | 24.4 x | 62.6 x | 29.2 x | 26.4 x |
| Yield | - | - | 0.3% | - | - |
| Capitalization / Revenue | 0.65 x | 0.77 x | 3.16 x | 1.01 x | 0.99 x |
| EV / Revenue | 0.75 x | 0.89 x | 3.33 x | 1.08 x | 1.13 x |
| EV / EBITDA | 11.8 x | 10.3 x | 28.4 x | 13.3 x | 13.1 x |
| EV / FCF | -4.03 x | 17.6 x | -89.3 x | 16.7 x | -21.2 x |
| FCF Yield | -24.8% | 5.69% | -1.12% | 6% | -4.72% |
| Price to Book | 1.68 x | 1.42 x | 4.95 x | 2.17 x | 2.17 x |
| Nbr of stocks (in thousands) | 122,665 | 122,665 | 122,665 | 122,665 | 122,665 |
| Reference price 2 | 21.20 | 18.01 | 65.80 | 30.85 | 35.85 |
| Announcement Date | 5/23/19 | 7/30/20 | 9/3/21 | 8/25/22 | 9/1/23 |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,822 | 3,998 | 2,887 | 2,556 | 3,763 | 4,429 |
| EBITDA 1 | 325.1 | 253.5 | 249.1 | 299.6 | 305.9 | 384.3 |
| EBIT 1 | 275.9 | 205.3 | 181.9 | 241.3 | 241.9 | 315.4 |
| Operating Margin | 7.22% | 5.13% | 6.3% | 9.44% | 6.43% | 7.12% |
| Earnings before Tax (EBT) 1 | 234.7 | 128.6 | 115.8 | 169.1 | 194.4 | 250.7 |
| Net income 1 | 159.7 | 92.16 | 90.53 | 129 | 129.8 | 170 |
| Net margin | 4.18% | 2.3% | 3.14% | 5.05% | 3.45% | 3.84% |
| EPS 2 | 1.813 | 0.8729 | 0.7380 | 1.051 | 1.058 | 1.360 |
| Free Cash Flow 1 | 113.9 | -745 | 146.1 | -95.43 | 243.5 | -237.2 |
| FCF margin | 2.98% | -18.63% | 5.06% | -3.73% | 6.47% | -5.36% |
| FCF Conversion (EBITDA) | 35.03% | - | 58.65% | - | 79.6% | - |
| FCF Conversion (Net income) | 71.34% | - | 161.37% | - | 187.62% | - |
| Dividend per Share | - | - | - | 0.2000 | - | - |
| Announcement Date | 8/16/18 | 5/23/19 | 7/30/20 | 9/3/21 | 8/25/22 | 9/1/23 |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 121 | 398 | 360 | 447 | 276 | 624 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.3734 x | 1.571 x | 1.445 x | 1.49 x | 0.9016 x | 1.623 x |
| Free Cash Flow 1 | 114 | -745 | 146 | -95.4 | 243 | -237 |
| ROE (net income / shareholders' equity) | 18.7% | 6.97% | 5.79% | 8.3% | 7.55% | 8.48% |
| ROA (Net income/ Total Assets) | 5.93% | 3.53% | 3.01% | 3.94% | 4% | 4.7% |
| Assets 1 | 2,693 | 2,610 | 3,004 | 3,276 | 3,248 | 3,618 |
| Book Value Per Share 2 | 10.60 | 12.60 | 12.70 | 13.30 | 14.20 | 16.50 |
| Cash Flow per Share 2 | 3.650 | 1.370 | 1.190 | 1.110 | 0.7400 | 0.2300 |
| Capex 1 | 63.2 | 80.5 | 31.5 | 47.1 | 119 | 230 |
| Capex / Sales | 1.65% | 2.01% | 1.09% | 1.84% | 3.16% | 5.19% |
| Announcement Date | 8/16/18 | 5/23/19 | 7/30/20 | 9/3/21 | 8/25/22 | 9/1/23 |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.90% | 143M | |
| +1.09% | 149B | |
| +26.36% | 141B | |
| +37.11% | 132B | |
| +15.90% | 64.53B | |
| +1.83% | 38.87B | |
| +102.61% | 36.42B | |
| +7.29% | 32.41B | |
| -12.67% | 30.91B | |
| +7.28% | 29.41B |
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- Financials Marine Electricals (India) Limited
